Market Update October 18, 2016

(October 21, 2016)

Sunshine Coast Detached ListingsSales up by 45% over the previous year

There are currently 297 detached listings on the Sunshine Coast. This is down slightly from September 30 when there were 307 detached listings. Detached sales year-to-date ending October 18, 2016: 854 sales, in 2015: 589 sales; in 2014: 473 sales, and in 2013: 393 sales. The current market's hot price range is between $351,000 and $450,000 with 203 sales occurring in this price range. With the current sales pace, this represents approximately a three-month supply of listings.

Sunshine Coast Attached ListingsSales up by 47% over the previous year

There are currently 59 current attached listings. This is down slightly from September 30, when there were 60 attached listings. Attached sales this year-to-date ending October 18, 2016: 199 sales; in 2015: 135 sales; in 2014: 93 sales and in 2013: 75 sales. With the current sales pace this represents an approximate three-month supply of listings. Attached listings represent strata unit apartments, condos and townhouses. Attached property sales are up over the previous years.

Sunshine Coast Land ListingsSales up by 181% over the previous year

There are currently 254 bare land listings. This is up slightly from September 30 when there were 251 land listings. Land sales year-to-date ending October 18, 2016: 346 sales; in 2015: 123 sales; in 2014: 57 sales, and in 2013: 47 sales. With the current sales pace this represents an almost seven-month supply.

Year-to-Date Detached Sales

$000 to $300,000 with 79 sales

$301,000 to $400,000 with 178 sales

$401,000 to $500,000 with 200 sales

$501,000 to $600,000 with 131 sales

$601,000 to $700,000 with 79 sales

$701,000 to $ 800,000 with 53 sales

$801,000 to $900,000 with 39 sales

$901,000 to $1,000,000 with 27 sales

68 sales over a $1,001,000

Buyers, if you are looking for a window to get into the market now is the time. Once the papers report increased sales, you have missed your window. We are seeing increased inventory and most are homes are selling without multiple offers. In short, don’t be fooled if the market takes a breather, call me today with any additional questions, or for a free market evaluation - 604.885.7810 or email: kenan@kenamackenzie.com

The Sunshine Coast is still the best neighborhood in the Lower Mainland and the best value at any time of year.

This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy - Listing data updated on August 17, 2017